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FOX Business
Dec 24, 2012 1:00pm EST
edition so unique. cities looking to make money by privatizing park and even airports. jeff flock has the story. jeff: i come to you from the giant parking garage at midway airport. it could be a multibillion dollar payday. is it a good idea or a bad idea? stay tuned. we will discuss. ♪ lori: the mayor of chicago renewing efforts to privatize the city's second largest airport. david: the proposal comes after a proposal from his predecessor. jeff flock is live at the airport. it is one of the most exciting airports in america. jeff: it is exciting because when you take off, you kind of look into the houses of various people. it is right in the center of a residential area. i am in a parking garage. this is one of the areas that they are hoping to privatize. you know, this shows off a lot of cash. they will privatize the whole airport, though. midway used to be the nation's busiest airport, believe it or not. now, just three big airlines fly out of here. southwest, frontier and delta. it still goes off a lot of cash. very attractive to private industry that would come in but they woul
FOX Business
Dec 6, 2012 4:00pm EST
mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you also get the corporate bond market, the high-yield market. the fed has really through their interest rate repression forced people into risk assets, so the fixed income -- david: let me just stop you there, tim. you say interest rate repression on the part of the fed. that sounds like you're not too happy with the fed. [laughter] >> the fed's basically taken the market disciplinary function out of the marketplace with purchasing $85 billion a month with treasuries. they've been doing that for quite some time, so they basically have been, you know, manipulating the interest rates which i think is also when people
FOX Business
Dec 11, 2012 11:00am EST
of michigan. dagen: jeff flock is in the middle of it. jeff: we will have him live on the air and just a moment. about 12,000 people by my count. stay tuned. ♪ ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you ll me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. connell: the union protesters are out in the state of michigan paddling the right to work legislation in the state. we are going there live in just a moment. apple shareholders hoping for a early holiday gift. no early dividend announcement. dagen: bottom of the hour. stocks now and every 15 minutes. we are watching delta. nicole: that is right. what happened here is delta confirmed it is acquiring the singapore airlines stake in virgin atlantic. i know you interviewed richard branson did he was here not that long ago. forming a joint venture. delta's stock is certainly reaction to this news. l
FOX Business
Dec 27, 2012 4:00pm EST
parting words. we'll go live to jeff flock. he is at an oil remeanry with a first-hand look what is driving trading and the prices that we pay. and up next, we get you ready to travel. travelocity senior editor let's us in on details of new deals for new year's eve and hot spots for the new year >> i'm here with your fox business brief. the dow was down triple digits after senate majority leader harry reid said that the u.s. is poised to tumble over the fiscal cliff but there was a late-day turnaround on the news that the house will hold a special session on sunday night. >>> directv customers can expect to pay more for their programing packages in 2013. the satellite cable provider is planning to hike prices by an average of 4 1/2% starting february 7th, citing higher programing costs and expects to pay it. v channel owners next year. >>> amazon.com is the place to go for online shopping this holiday season. according to a new survey from forse amazon took the top spot thanks in part to its wide variety of merchandise and its user-friendly site. that's the latest from fox biz is
FOX Business
Dec 11, 2012 9:20am EST
exchange. let's go to jeff flock on the thick of it at the statehouse in lansing, michigan. the latest please. jeff: they said it would be a big crowd and it is. this of course is the cradle of the labor movement in the u.s. the first place of the uaw and plenty of uaw folks and the unions represented. you will hear plenty of sides on this but i will give you the union side because that is where i am standing. they save right to work means essentially they come into a workplace, negotiate a bunch of benefits and work rules and salary and people who choose not to go to the union benefit from that and that is not fair. that is their argument. the governor, governor snider, who is not a crazy right winger but a moderate governor, he never had this on his agenda but when the labor unions put it on the agenda in the last election with a ballot measure, he said okay, you put this up for grabs, it was defeated, a measure to enshrine the concept of not being a right to work state. they tried to enshrine that failed miserably and the governor said you made this an issue now and we are going to
FOX Business
Dec 24, 2012 12:00pm EST
, but this time will be different? jeff flock live at midway airport with this story. jeff: it is funny. some guy wal walked up to me and said what are you doing, what is your story? to the top of the privatization of midway airport. another way for the city to lose money. the city just privatize the parking meters. $1.5 billion deal, 75 years, but the problem is this. they got all the money up front and the city spent all the money already, and now in the parking meters are out of order because they're tearing up the street they have to pay the company back. usually privatization does a better job of managing things like airports and the government tenders to do, but people in chicago are kind of wary about this. he wants to privatize midway airport. have a deal. ithey deal to do it for $2.5 billion. airports are huge generators of cash. the parking concessions, food and beverage concessions, rental car rentals, the places that do that tends to be a big cash generator. companies like to get in on that, i like to do it more efficiently. but here's the problem. don't get the money up front and spe
FOX Business
Dec 19, 2012 1:00pm EST
are live from one company bracing for fallout from the fiscal cliff, jeff flock has a preview. jeff: listen carefully to what just transpired in washington, a generator they are testing now, you can almost hear it. we are going to hear from the ceo on this subject of the fiscal cliff and what he hopes will happen and won't happen. stay tuned. tracy: the world's largest producer of gasoline powered engines seeing points for strong growth. we get past the looming fiscal cliff at the end of the year. jeff flock joins us with the company in wisconsin. jeff: is a huge fear and companies like this all over the country but particularly this one in wisconsin, a force for huge growth. these generators are home powered generators. sandy kicked up demand for this. what is their biggest fear? that the fiscal cliff gets gone over and next thing you know, we have problems. listen to the ceo talking exclusively on the fox business network. >> when you look at the fiscal cliff, everything that impact the economy and for us is housing and unemployment because that has a big impact in consumer confidence and
FOX Business
Dec 13, 2012 11:00am EST
will go to jeff flock for that. jeff. jeff: as we speak, gm executives, that is who you are looking at right now, they are talking about the new chevy silverado. if you look at the pictures of this, there was a huge explosion as a new chevy silverado pickup was unveiled to the public. it is the number one selling vehicle for gm. this is where this thing went off. they set off an explosion down here. they are hoping for and explosion of sales. we talked to the president, for gm and he said even if we go off of it gm can still make money. we can flex and make a lot of money at fiscal cliff levels. we do not think that we need to. jeff: what do you do immediately >> we take a look at different car lines. we look at where the strength is and could be. then we look at the pent up demand. jeff: this is the silverado. they already have some kind of inventory. mark reuss said they have increased incentives. they are selling pickups. if we do not go off the cliff, they are extremely well-positioned. connell: jeff, thank you, as always. we will go back to washington for the speaker of the hou
FOX Business
Dec 4, 2012 11:00am EST
levels on the mississippi river dropping to record lows. we find jeff flock with more. jeff: and extraordinarily difficult situation here. live pictures from the mississippi. we are on 24 barges and tow. this is the guy who runs this. extraordinary low levels. >> yes. this is the lowest levels we have seen in years. we are approaching record lows we have never seen. jeff: it is not enough to raise the levels, the rain we are seeing right now. >> it is pretty amazing what you can see at these low river stages. it is really amazing how low the water is. jeff: they have had to reduce the amount of cargo that they can ship. it is actually a fertilizer that in this middle part. the outside is actually empty barges to go upriver to bring grain back down. >> correct. jeff: how much of an impact puts back this is fertilizer for spring planting. >> salt for the roads we drive on to keep us safe. jeff: this is almost on navigable. >> if we don't get anything done, we will be off this river. jeff: they are asking the obama administration to blow up some rock formations that are now blo
FOX Business
Dec 27, 2012 3:00pm EST
have fallen off a cliff. off a fiscal cliff perhaps. well, let's go to jeff flock who is at the exxonmobile refinery in illinois. i was going to mention the name of the town, but i will let you do that, jeff. jeff: a little small town outside joliet. you're looking right now actually at something you don't often see at refiners but sometimes do, it's called flaring. it is when a refinery goes back on-line after an unplanned shutdown, they have to burn off some dangerous gases, they have to report that to the federal government because it's a potentially dangerous situation. but that danger is nothing like the danger to the oil market from the fiscal cliff. take a look sat oil today -- take a look at oil today, pulled back a little bit after the big run up yesterday. and the run up yesterday i think wasn't so much fiscal cliff, it was more mideast action, but the story really isn't so much actually price. it is volume, the lack of volume. because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and
FOX Business
Dec 21, 2012 4:00pm EST
accident? kind of a black box tore cars? it cosave money and lives but what about privacy issues? jeff flock has the story. he is live from the streets of chicago. jeff? >> some people like the idea, david, some don't of the you're looking live, by the way, lakeshore drive headed to downtown chicago. we'll have both sides of this issue. it is complicated. stay tuned. it is very interesting and you may be getting a black box whether you like it or not. stay tuned. how do traders using technical analysis streamline their process? at fidelity, we do it by mging two tools into one. combining your customized arts with leadi-edge analysis tools from recognia so you can quickly spot key trends we like this idea so much that we've applied f a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovave reason serious investors are choosing fidelity. now get 200 free trades when you open an account. your soups are so awesomely delicious my husband and i can'stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... w
FOX Business
Dec 28, 2012 11:00am EST
and a half years. one business owner says he is not worried if we had over the cliff. right, jeff flock. jeff: he thinks you and i are crazy for making too much of a deal out of the fiscal cliff. this ceo says the fiscal cliff has a bunch of outside noise. we will have his story of the fiscal cliff when we come back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> im adam schapiro with your fox business brief. general dynamics have been asked to build u.s. submarines for the u.s. navy. it is worth $400 billion. the money has already been securee. barge companies fear falling water levels on the mississippi river could halt commerce as early as next week. the coast guard says it is confident that the waterway will remain open. a new report says champagne sales in france are down nearly 5% from last year. despite the weak sales, fran
FOX Business
Dec 31, 2012 11:00am EST
workers. you can probably guess number one. we have the list. and he is never rude, jeff flock is looking at what it means for your paycheck as we go over this cleft. jeff: take a look at all of these people right here. they are on the line with employers, small businesses, all around the country right now. big story coming up will be come back. and lots of answers. ♪ dagen: it is time to reflect on all you have accomplished. congress is the most unproductive session since the late 1940s. president obama has signed 290 bills passed by congress this year. this compares to 383 bills passed last year. his approval rating currently stands at a nice round that 18% according to politics average. from the youth list to the downright e'en, a survey from airfare revealed that flyers found -- nearly 25% of the vote. united airlines coming in second with 21% and followed by alta and u.s. airways. the social network suspending its new year's eve messaging tool. it allowed them to read the messages of private users. diane, a big raise. >> that is right. we are watching netflix shares very closely. t
FOX Business
Dec 12, 2012 11:00am EST
petallides watching traders' reaction from the floor of the nyse, jeff flock watching action on the trading pits of the cme and we have you covered with all-star fed panel. first we begin with nicole petallides on the floor of the nyse with stocks at the top of the hour. the fed now up 6. nicole: we are up six points, we are for six day is a row for the dow jones industrial. some would say people were waiting on the fed, talk about more easing and more stimulus and traders, they were asking about extending the programs, we will see about that. as far as major market averages the dow is just above the unchanged line like the s&p 500 and the ticket in nasdaq pulling back and you see the markets are very tepid and hovering right near zero and waiting for each headline. dennis: thank you, critics are calling it q e forever. the expected in moments to announce a new stimulus. cheryl: a current bond buying program, operation twist is scheduled to end. let's bring in our all-star panel. let's start with gerald 0 driscoll who is with the cato institute. you say we need to end the bond buying progra
FOX Business
Dec 7, 2012 11:00am EST
at one company has spiked because of the superstorm. jeff flock joining us from wisconsin with more. jeff: i have a unique ceo who is concerned about the fiscal cliff but at the same time is hiring like it is going out of style. the ceo of generous. look at what is coming off of the line. that is one of your own power units. it has become so much in demand because of sandy. >> these are products that have only been around ten years. only a 2.5% of u.s. households a huge opportunity for markets. jeff: you have hired 200 people additionally since sandy. >> we are bringing them on and running three ships in this facility today in response. jeff: look at the stock and walked me out here. i will see as much of this facility as i can, a 3,000 square foot facility. bird stock. you have doubled in value as a result of the hurricane. >> we did. people have started to understand the importance of backup power, with you are a homeowner or a business owner. >> this is the wind turned out backup power. this unit right here, let me take a look, people have said i don't want to be out of power every tim
FOX Business
Dec 19, 2012 11:00am EST
of this fiscal cliff talk. jeff flock talks exclusively with the ceo coming up. we will be right back. dagen: top winners on the nasdaq. take a look. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung functition all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. connell: we are back to talk about the largest producer gasoline powered engines i
FOX Business
Dec 20, 2012 11:00am EST
in those parts. the weather is also wreaking havoc on commodity prices. here is jeff flock with more on that. jeff: good news on the drought front. that is exactly what they need is that kind of moisture. take a look at the pictures. we have been worried here. i am in the oke. right now. >> it really helps the wheat market. we will expect to have a better crop. jeff: and helps with the situation on the mississippi river. you can get shipments up and down. >> all of that really plays into it. jeff: you said this market is pretty thin right now. >> a lot of money on the sidelines with what is happening in washington, d.c. the fiscal cliff has everyone worried. jeff: virginia, always appreciate your insight. thank you. a lot of people talking today. also, about the merger. even though it is competition here, it also is an acknowledgment. they must have been doing something right here in chicago all along. connell: every time you think about futures and trading floors and what it means for human beings, yes, it is a big story. jeff flock, thank you. as we continue, the other big things c
FOX Business
Dec 24, 2012 11:00am EST
to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent it already. mayor manuel is under some scrutiny. as i said, both are choosing to do so. the problem is, if you get that money up front and then you spend it, not such a hot deal. they had a $2.5 billion deal before. the problem is the financial downturn of 2008, 2009 hits. it is a possibility that this could all be done privately. it generates a lot of income for cities. the argument is private industry can do it better than public government can do it. dagen: jeff, thank you very much. happy holidays. merry christmas. jeff: thank you, dagen. dennis: "the hobbit" is becoming a trend in hollywood. it took in $36.7 million. the action thriller starring tom cruise debuts in second place "this is 40" is coming in at third. that is fo
FOX Business
Dec 10, 2012 1:00pm EST
. ashley: we need to get our applications and. tracy: oil prices tumbling again. jeff flock in the pits of this cme with the very latest. jeff: coffer of about 1% today. positive news out of china. coffee is down. way down. the number of coffee beans is up. that means prices are down. scott shelby trades a lot. >> not really. deflation may be coming on board and set of inflation. it is something japan has been stuck on for years. jeff: the big markets are not moving. >> when the government tells you lower longer, we may not all put our purchases off for next year. our economy still is not doing very well. we have the inflationary rather than inflationary. jeff: scott will walk slowly, by the way, he fell down the stairs and he is concerned about the economy falling down the stairs. >> even if there is a deal, ultimately, that will not get jobs going. we are growing a little bit. central bankers cannot stand deflation. they have been fighting inflation for years. jeff: i will leave you with the price of gold. you think gold is done. >> it will be cheaper next year. it will start to get p
FOX Business
Dec 26, 2012 11:00am EST
. taking a look at oil. something we do not like to see if you drive a car. jeff flock has a very latest on this. jeff: a slow day at the cme. this is the euro dollar option pits. though oil. is very active. let's put up wti to start with. up over two dollars, up over $90 right now. just short of two dollars. you think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a qu
FOX Business
Dec 3, 2012 11:00am EST
to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing production by 11%, and gm holding off on sales forecasts because they are worried about the cliff. look at the numbers. as lori said, gm up 3%, ford up 6%, chrysler up, 30th consecutive month of increases for chrysler, toyota up 17%. gm did well with small cars, we're getting to the point in the country where cars are # getting so old, 11 years is the average age of a vehicle right now, and that is driving it as well. on the sandy front, as we look at the stock numbers, the folks at ford say we are 30,000 additional sales industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that rec
FOX Business
Dec 26, 2012 1:00pm EST
this break. first, take a look at metals. we are back after this. ♪ two. lori: jeff flock in the pits of this cme. jeff: we have a number of factors running today. i don't think any of them have to do with the fiscal cliff. you can see for your self the volume. there is tumbleweeds going through the pits. i will show you reasons why oil is off today. they all have to do with the middle east. suspended production with baghdad over prices. iran, to prices of military exercises. military exercises starting there today. that makes the oil market very jittery. you can see a little thin here. everything from wti to brent to gasoline futures to heating oil futures. we have a lot of cold weather coming in. a much more need for heating oil and the like. i didn't hear in that ad room. trading volume is light. tracy: so cool. jeff flock, thank you for doing that for us. [talking over each other] lori: as we do every 15 minutes, we chuckled the markets. nicole petallides on the floor of the new york stock exchange. nicole: a lot of down arrows. zynga is really bucking the trend. it is up 3.25%. i
FOX Business
Dec 7, 2012 1:00pm EST
for one wisconsin generator company. jeff flock is live with that story. first, some of the winners and losers. ♪ le announcer ] where do you turn for legal matteters? at legalzoom, we've created a better place to handle youregal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to aner any questions. get started at lalom.com today. and now you're protected. ashley: superstorm sandy causing devastation for many americans. massive power outages sparked a booming business for one wisconsin company. jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they
FOX Business
Dec 20, 2012 3:00pm EST
to digest it it was a phenomenal story. the intercontinental exchange was created only 12 years ago by jeff springer, a longtime executive in the energy industry. people don't realize energy is a commodity, commodities are traded in exchanges locking in costs. he came up with a system to forget about the pits of chicago where people ice-cream at each other or new york, the new york mercantile exchange, let's do electronically and he created this thing, the intercontinental exchange and what is great about this is it is something to be said for the stock exchange remaining independent but they are now part of an american company and an american entrepreneur created $10 billion of wealth, that is what the market cap was before the deal and when you buy something your stock usually goes down a little bit, created $10 billion worth of wealth of market cap in ten years, something to be proud of and buying the stock exchange. not selling for the germans. [talking over each other] >> regulators time it. charlie: regulators in europe, eyes and nasdaq attempt over the stock exchange on antitrust gro
FOX Business
Dec 4, 2012 4:00pm EST
and the stocks you own. jeff flock on the next scene live. ♪ david: time for a speed read of the day's other headlines, five stories in a minute. buffet's claiming up to $1 billion from reinsure over a life insurance deal reached two years ago, reid says the claim is without merit. union management negotiators agreed of federal mitigation to end the week long port strike in los angeles and long beach. they are striking at ten of the 14 terminals at the nation's busiest port complex. apple nearly doubling itunes gee geographical reach with plans to expand into 56 additional companies as apple faces stiff competition from microsoft and google. warren likely to join the banking committee next year, a well-known critic of the banks calling for regulation and limited risk. carl icon abandoning the bid for oshkosh corporation after just 2 # 2% of the company shares were tended. he sought 25% of the shares in the offer, and that's today's speed read. all right. liz: doesn't usually back out of things. david: he doesn't, but he did. low water levels, threatening to bring the busiest waterway in the
FOX Business
Dec 7, 2012 4:00pm EST
are seeing. so many people suffered but there are businesses that will take advantage of this. jeff flock taking us inside this facility's manufacturing warehouse coming up next. >> it is hard to get in there. [ male announcer ] ths is steve. he loves risk. but whether he's climbing everest, scuba diving t grt barrier reef with sharks, or jumping into the marke he goes with peop he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a t of lotions doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] breakrom the holiday str
FOX Business
Dec 17, 2012 1:00pm EST
weeks left from the fall of the fiscal cliff. jeff flock is live with a companies ceo. always try to give you a unique perspective. this is mr. transmission. one of the franchises. these are small businesses all around the country that are now having to prepare for the potential of huge tax increases as we go forward. >> yes. yes. we are preparing. we will be looking at what we need to pull back on with some things that we actually would have spent money on. you are already putting aside money to pay the additional tax bill. yes. we are in the middle of budgeting. we will be moving was dollars they do not make a ton of money. people think that any business makes a lot of money. >> we do not. most of our facilities make about a half a million a year. jeff: when speaker boehner says let's have the tax hike hits at more than 250, what does that mean for you? >> there are some small businesses that maybe go over that small marker. jeff: that could make a huge difference. that takes a lot of people, small businesses like this one out of the picture. lori: interesting thought. jeff floc
FOX Business
Dec 26, 2012 3:00pm EST
, nicole's on the new york stock exchange, and jeff flock at the cme. nicole? >> the home builders, a great day to take a look, and the numbers, talk about the month over month, down .1%, which is an improvement over what analyst had the exception with a 2%, and year over year with a gain that out paced the analysts' expectations. the group is mixed today. jrhorton down 1%, and kb homes gaining 1%. the group has done well. i chose these names to give a look over 52 weeks. i mean, 376%, that is the gain that we are seeing on hovnanian. 376%. i said it again just in case you missed it the first time. we've seen the housing recovery underway, and today's numbers echo that sentiment. it's been slow; however, and each time you get the numbers in, there's experts like david blitzer saying it's an upbeat assessment saying the recovery is gathering strength. back to you. ashley: encouraging sign, slow and steady, could be awhile before we are close back to normal. >> right. >> whatever normal is. nicole, thank you. jeff, what's going on with oil and line lumber? >> well, true, you know, the numbers
FOX Business
Dec 4, 2012 9:20am EST
have jeff flock -- i think he's -- is he on the mississippi? mississippi has dropped near record lows in terms of volume of water and the width of the shipping channel. are you on a boat there, jeff? i want you to give us the latest on this. this is getting serious. jeff: absolutely. this is becoming very serious. you know, it is raining today, but that does not correct the drought that we have experienced all summer. take a look at this tow. i'm on board. this is transporting fertilizer, going up river, also some empty barges to bring grain down river. we are reaching a point where the mississippi river is almost unnavigable. you can't get two tow boats by like you typically can and there are parts of this river that may soon make it impossible to ship anything here. it could be a huge story. we will be on this all day long today, stuart. it is turning into a disaster along the mississippi. stuart: there he is, jeff flock, in the middle of it as always. thank you very much jeff. the highlight reel will be next. twins. i didn't see them coming. i have obligations. cute obligations, bu
FOX Business
Dec 20, 2012 9:20am EST
duncan neiderauer but jeff springer. i want to get this clear. the millions are predicting the end of the world at the end of december and the nyse-listed sells the intercontinental exchange. is there any connection here? of the world ends tomorrow i guess that is an execution risk we have not tracked into the confirmation, let's hope the mind are wrong. >> i think it is an amazing building 200-year-old institution being taken over by a 20 year institution. how does that happen? >> 12 the year. >> you overstate my age. what is interesting is the new york stock exchange is a network that started 200 years ago but today you could start a network and you and i have been a part of watching networks create organically quickly, that is what technology has done, what facebook is, what amazon is, what ebay is so my company created a network that grew quickly, very complementary to the network that 200 years ago some guys decided on. >> which is? >> stocks traded here, you guys essentially a black box that trades commodities. it isn't black. [talking over each other] charlie: this is what i
FOX Business
Dec 6, 2012 6:00pm EST
. gerri: tons. jeff, you know, the federal reserve seems to uphold every trick in the book and made up more to get the economy going. they say they'll continue some of the strategies. is that going to have any impact at all? is that beyond the reach of the federal reserve at this point? >> i personally think that's beyond the reach of the federal reserve. of course; if they change policy, did something awful, that would be harmful. their ability to make a difference is incredibly limited at this point. i think it comes down much more to tax policy, spending policy, regulation. i think the fed did what it could do avoided, okay, a huge liquidity crisis in 2009 providing low interest rates plausibly helpful, okay, in the immediate aftermath of the crisis, but at this point, little impact. gerri: thanks for the preview, jeff. appreciate your time. have a great weekend. >> thank, you too. >> reporter: -- gerri: the michigan state house voted along party lines turning michigan into a right to work state. democrats tried to stall with questions and amendments, and as the senate debated legis
FOX Business
Dec 3, 2012 1:00pm EST
. jeff flock is in chicago with more. hey, jeff. >> i think it is, sandy and we all thought it was going to be. now barclays and as well as ford said they think about 30,000 new vehicles more than normal were purchased as a result of hurricane sandy did. trashed a lot of cars out there. that is just the way it goes. some of course did better than others. here's the deal. there is a lot of reasons to buy a car right now. interest rates low. credit much more available. new technology out there sparking people to, you know, to buy new cars that have the new technology the old cars didn't. and the average age of a car right now, even ones that aren't underwater, 11 years old. so there you go. who were the big winners? well the fiat 500. look at brand that did particularly well. fiat 500. the sales of that brand were up 123% this past month. honda was up 39%. cadillac up 30%. wv as a brand up 29%. who was up not as much? gm was up 3% but chevy brand was unchanged for the month. jeep brand was down 3% even though chrysler overall the group sales were up 15%. lincoln despite the fact ford was u
FOX Business
Dec 27, 2012 11:00am EST
's stay with oil. we will bring in our very own jeff flock. what are you watching out there? jeff: we were at the cme yesterday. talk about what the impact of the fiscal cliff has done to the oil market. take a look at oil prices today. since christmas, we are up about 3%. take a look at the volume. if you look at the volume of trading, and "wall street journal" was onto this first talking about the falloff of volume in november, but it has really continued. take a look at what the normal average volume is and where we are today. by the way, out at the exxon mobil refinery, and caught this caught by the way, is one of the nation's newest refineries. a little news out here as we speak today. they have to report this to the federal government because -- liz: we are having some technical difficulties with jeff flock. working on a solution to the debt crisis. first, some of today's winners, s&p. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us.
FOX Business
Dec 31, 2012 1:00pm EST
in this economy on the vital few, the jeff bezoses, steve jobs, fred smiths of fedex. those are top earners people willing to take a risk on a new idea and on a new company that improves our lives and employs this. why would republicans vote for something that takes aim at the most productive? it would not be good for the economy. again it would be a very large tags increase precisely because the top earners pay vast majority of federal revenues. ashley: talking about the voters, people of this country, there is some interesting messages. we have president obama reelected. but then republicans hang onto the house. what kind of message does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path f
FOX Business
Dec 10, 2012 11:00am EST
®. cheryl: right now we're coming up on 15 past the hour, stocks now, of course, every 15 minutes. jeff flock is in the trading pits of the cme where coffee prices perking lower, sandra smith watching retail, first to nicole on the floor of the new york stock exchange. >> thanks, cheryl, up about one-quarter of 1%, stocks up. use that term loosely today, but we're really thinking tech lately. a lot of people have been following the tech names, let's take a look agencies coe in particular which is a great performer on the dow jones industrials. one of the reasonn they got an upgrade, the price target now $24 up from $23 with a buy rating, but the whole point is that tech, actually, in my mind what i'm looking at, the overall market here, is really doing well. hewlett-packard is a winner on the dow jones industrials with the talk of carl icahn getting involved, microsoft was there, surface doing well, so there's a lot of different stories within tech. and even apple, which started off in the red and move today the green. so tech is one of the areas that is helping to keep all three of the
FOX Business
Dec 11, 2012 1:00pm EST
today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering the story for us. i thought it was interesting how you covered the scene there with michigan a few years back, excuse me, wisconsin. >> wisconsin, exactly. not the same kind of intensity. part of that is because this is already pretty much a done deal. there they had not a teacher headed off. the second one being debated right now. but renew over here to the scene of the george romney state office building. george romney, former governor of wisconsin, and father of mitt romney. the large group of protesters are trying to get into the crowd and see. they have essentially ringed the entrance of the building trying to make their voices heard. they feel very frustrated. they feel this had passed in a lame duck session without the opportunity for there to be more debate about it. that is their feeling. at this point you mentioned a little bit of white you could call it violence. nothing serious at this point, but we want to keep an eye on this because there are lots of folks, pretty hard t
FOX Business
Dec 17, 2012 11:00am EST
means the box office ahead. cheryl: jeff flock takes a look at how the fiscal cliff is threatening one business. >> the businesses that fix your cars, bake your bread, do all the other stuff in life. is fixing the fiscal cliff easier than fixing an automotive transmission? that and more when we come back. stay tuned. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. dennis: time warner stock pumping up today. one reason could be the pointy eared superstar, "the hobbit." setting an all-time high for a film opening in december. time warner, this geek fest opens to almost as much money as the four films took in combined. it has done even better in china, $84 million in china alone versus 70 million in the u.s. so far. lastly there is this, watch out, espn. fox sports may be coming after you. espn worth more than $40 billion. now the "wall street journal" is reporting fox is looking at setting
FOX Business
Dec 4, 2012 1:00pm EST
are dropping to near record lows. jeff flock is down by the river with more on this. jeff? >> how low can it go, melissa? this is a river gauge. take a look where it is right now. i was at a flood in this town in phebse, illinois and that was used. look where the river is now? nowhere near the gauge. marty, run with me. look at this boat. if you can't tell how low this water is, that boat you see out there, that is army corps of engineers right now. they're doing sounding because there are river boulders or what they call river pinnacles. >> rock pinnacles, that's correct. >> they're sticking up and making this un 1/2 dpabl. -- unnavigable. >> when the water goes up the pinnacles are past the bridge. >> this is huge estuary for shipping from diesel to fertilizer, to grain moves up and down this. this is what we're talking about right there, marty? marty is with aep river operations. they run barges up and down here. those are what they called rock pinnacles? >> that's correct. those will extend clear out into the channel past the bridge pier. that is what the corps is trying to get removed. >>
FOX Business
Dec 6, 2012 1:00pm EST
on fire. there have been no injuries reported but it is leaving the automaker with a black eye. jeff flock in chicago with the details you need to know. jeff: level vehicle has caught fire in a couple cases. at least a dozen fires, ford a skate and ford fusion, the focus, not so much the vehicle but the engine, the 1.6 ego boost engine. most of the recalls have been of the escape. that is a huge car for ford, and they unveiled it at the l.a. auto show. it is the second best seller of any car, the ford f-series truck, sold 20,000 escapes last month that 73,000 have been recalled. here is the scary part. it is an important engine but in addition to if your hot engine llght comes on, you pull over and get out of the vehicle the scary part for the company is they do not have a fix for of this. they're giving anyone who brings their car in for the recall a freeloader but at this point they do not know what the problem is. ford stock down today and gm's stock down on reports of bigger inventories of the gm trucks than they thought so not a good day for the automakers but a particularly bad day f
FOX Business
Dec 10, 2012 3:00pm EST
of the big movers with nicole petallides. we also have jeff flock. unbelievable because every one of my kids class are dying to get these things. they have a motorcycle version, sparkle glitter version. the sales are not what they're cracked up to be. nicole: the ssquence version. uggs are incredibly popular, but a lot of other boots and brands on the market plus that coupled with the competition and the fact you don't have a big heavy winter as some had hoped especially those who own deckers. last week there was mergers and acquisitions chatter whether or not one of the companies would step in and be looking at deckers. today is a different story. they're getting ready to mark down the booos, the popular ugg% boots from children to grown-up adults, that is not good news. they start marching down key items ahead of the holidays already, that will not be good. down 7.5%. liz: i heard there was snow in deer valley. what are you looking at? >> no snow in chicago fortunately. the two big movers. copper and coffee. copper moving up about 8% on industrial production in china come the output is pos
FOX Business
Dec 5, 2012 8:00pm EST
and jeff blake and deb fisher from nebraska. those senate candidate lost in a large part because they got off the message. they stopped focusing on the basics of government downsizing and simplification. i think that's the message of government reform, perhaps they would have gotten elected. charles: i tend to agree. 100%. just for me, i happen to think of the tea party is phenomenal. i wish they would get back on the grass. forget about the websites for now and running for office. thank you for pushing the flat tax. senator, we appreciate your time. >> thank you. charles: the murder suspect john mcafee is on the run. we are following this next you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a ottive barrier that helps block stomach acid from splashingp- relieving the pain quickly. try fast, long lasting gaviscon®. charles: the suspected murder john mcafee is on the run in central america. lauren antonetti is here with the details. >> it is better than most books. john mcafee used to live in belize. they say
FOX Business
Dec 13, 2012 1:00pm EST
chevy silverado and gmc pickups hoping the new models will drive sales for the auto giant. jeff flock live in pontiac, michigan, with more. >> i'm surrounded by the team that put this together. all these folks you see are the ones who put together the gm sierra and silverado pickup. we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at where the strike is a and look t the pent-up demand. >> this is a huge vehicle for gm, the best-selling of all gm vehicles. a quick look at what they unveil look like, a really exciting unveil. harkening back the old old days where they blew things up and crash cars through things. a big unveiling for g gm. good luck to them, they will ne
FOX Business
Dec 17, 2012 9:20am EST
, is jeff immelt's cozy relationship with the president costing general electric shareholders money? we will be discussing it. and i lost on friday when i questioned "the washington po " post's" claim that the senate would be better with more women. i'm not done debating that. more coming up on this program today. and we want to hear from you as well. send your e-mails to varney@foxbusiness.com and we read them on the air. and we read all of them, by the way. i've got news, clearwire selling itself to sprint for $2.97 a share and sprint raised its offer by 7 cents. some clearwire shareholders wanted and expected more. that stock is down. sprint is up, it's getting what people consider a good deal, at least that's what the market is saying. it's up what, 4 cents, not much. aig selling the rest of its asian insurance unit it's going to bring in 6.5 billion dollars. that was the jewel in the aig empire, being sold. general electric, meeting with investors in new york today. on friday it raised its dividend, but it will pay it next year. not good for shareholders because if taxes go up, th
FOX Business
Dec 21, 2012 1:00pm EST
in every new car. by september of 2014. jeff flock is in chicago with more. reporter: actually, we are rolling down the highway of chicago right now. looking for action as we take a live look outside the vehicles. this is an example of the obama administration on being able to get something passed through congress. they are going to spur congress and try to require the black boxes in every new vehicle. before you get set, there are multiple sides to the story. the insurance companies and the automakers -- the transportation department and the safety folks as well as law enforcement, they all like this idea. because believe it or not, when we get into auto crashes, we somehow misreport often what happened. we said we weren't going as fast as we were. we may say that we had her foot on the break when in fact we didn't. a lot of these groups think this is a good idea. of course, privacy advocates do not like it. they are concerned about what the government might do with the data, perhaps using it to track movement. that is not what these data recorders do right now. multiple sides to
FOX Business
Dec 20, 2012 5:00pm EST
is the author of the bill, republican congressman from south carolina jeff duncan. congressman, well come to the show. >> melissa, thanks for having me. absolutely. thanks for having me. melissa: tell me what the legislation does. >> first off we have to get serious about the fact that iranians and their proxy, hezbollah primarily are in this hemisphere. this legislation will require the department of state to come up with counter strategy working with our neighbors here in hemisphere to protect american interests, posture properly and create policies to counter that threat. we all know the iranians had an assassination attempt that was supposed to happen in this country against the saudi ambassador. that was thwarted by the government. they were using mexican drug cartels coming through our porous border. iranians are here. we've got to get serious about that. >> is that the main concern, is that they're going to cross the border through mexico? or what are the specific concerns that we think that they're down there doing? >> well, we've got interests all over this hem miss fire. working
FOX Business
Dec 6, 2012 7:00pm EST
names, tim scott, nick, jeff duncan, and joe wilson would be extraordinary. she has access to much better political minds and more wisdom than i can afford her, but high on the guys i served with in the house. tough to replace gym demint no matter who she makes, but tim scott would be extraordinary, our state would be well served with any one of them. lou: congressman, that's why i'm sure you're on that list. congressman, thank you for being with us. economic thinker tomorrow author of the book on supply side economics, "wealth and poverty," the former cbo directer, douglas holtz-eakin, and up next tonight is the governor of michigan, is he going to be the next scott walker? details on his pro-worker push in michigan straight ahead. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gavisco®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. is what drives us to broadcast the world'biggest events in 3d, or live to your seat high above t
FOX Business
Dec 27, 2012 1:00pm EST
be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and a note anything that has made more money than oil but look what is happening right now look at the volume of this is what the debate has done to the volume. money is on the sidelines when million contracts per day with west texas intermediate. contrasts that through last month. only happen million traded last month per day. then yesterday only 75,000 contracts. today we may be back around 175,000 contracts but "this is it." because of volatility we have had a conflict overseas i talked to some traders to said they missed it because they don't want to be in the market right now with the uncertainty according to phil flynn. lori: the basic fundamentals tracy: stay warm. washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of
FOX Business
Dec 24, 2012 5:00pm EST
for their presents. joining me from norad for the latest update is captain jeff davis. i know you're so busy tracking santa tonight. anything he should look out for, any weather problems? anything that might slow him down. >> not at all. we're looking very carefully. looks like it will be smooth sailing for santa tonight as he delivers presents around the world. melissa: how is his progress so far? 2.3 billion, that is a lot of presents. let's not kid ourselves, he has a lot of ground to cover. >> he does. he is only a third of the way through his journey. we have him leaving down in the antarctica area, headed up towards madagascar. we're having him, looks like he will be over the eastern part of the united states about 9:00 p.m. tonight. melissa: wow! where has he been so far? >> well so far he has covered all of asia. started off in the island of wake and moved over japan, china, russia, australia, new zealand, india and is making his way now up the east side of africa. melissa: that's great. so you don't see any weather problems later tonight into the morning? he should be able to make it back ho
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